1999 INCENTIVE STOCK OPTION PLAN AND 1999
NONSTATUTORY STOCK OPTION PLAN
1. Names and Purposes of the Plans. This Plan document is intended to implement and govern two separate
Stock Option Plans of MedCare Technologies, Inc., a Delaware corporation (the "Company"): the 1999
Incentive Stock Option Plan ("Plan A") and the 1999 Nonstatutory Stock Option Plan ("Plan B") (collectively the
"Plans"). Plan A provides for the granting of options that are intended to qualify as incentive stock options
("Incentive Stock Options") within the meaning of Section 422(b) of the Internal Revenue Code, as amended.
Plan B provides for the granting of options that are not intended to so qualify. Unless specified otherwise, all the
provisions of this Plan document relate equally to both Plan A and Plan B, which Plans are condensed into one
Plan document solely for purposes of administrative convenience and are not intended to constitute tandem plans.
The purposes of the Plans are (a) to attract and retain the best available people for positions of substantial
responsibility, and (b) to provide additional incentive to the Employees of the Company (and its future parents
and subsidiaries, if any) and to promote the success of the Company's business.
2. Definitions. For purposes of the Plans, the following terms will have the respective meanings indicated:
(a) "Board" shall mean the Board of Directors of the Company;
(b) "Code" shall mean the Internal Revenue Code of 1986, as amended;
(c) "Common Stock" shall mean the Class A common stock of the Company;
(d) "Company" shall mean Medcare Technologies, Inc., a Delaware corporation;
(e) "Committee" shall mean the committee appointed by the Board in accordance with Paragraph 3(a) of this Plan
document, if one is appointed;
(f) "Employee" shall mean any person, including an officer or director, who is an employee (within the meaning of
Section 422 of the Code) of the Company, any parent, any subsidiary or any successors to any of the foregoing;